KARACHI: Textiles, being one of the major components of the Pakistan economy, make up around 8.5 per cent of GDP and contribute around 60 per cent to the country’s total exports. However, the textile sector underperformed during the last few years, owing to the power shortages, high manufacturing costs and the lack of research and … Read more
KARACHI: Azan Naveed Ahmed, a mechanical engineer, had a very good job offer at a plant in the Site Area, one of the largest industrial zones in Karachi; however, he refused that job, and is now working at a consultancy firm at Sharea Faisal. “It was a lucrative offer with vast growth opportunities, but my … Read more
KARACHI: Pakistan needs viable and inexpensive electricity for socioeconomic development, but the situation is contrary, as the power regulatory authority on the dictation of the International Monetary Fund (IMF) has increased the tariff several times in the last few months, creating financial problems for the residential and industrial units alike. Pakistan Apparel Forum Chairman Javed … Read more
